Baroda BNP Paribas Medium Duration Fund to merge into Baroda BNP Paribas Credit Risk Fund

Baroda BNP Paribas Mutual Fund has announced the merger of Baroda BNP Paribas Medium Duration Fund (merging scheme) with Baroda BNP Paribas Credit Risk Fund (surviving scheme). The merger will take effect on September 11, 2024.

As per the fund house, there will be no change in the investment objective, asset allocation, and annual scheme recurring expenses, of the Surviving scheme upon the merger.

In line with the regulatory requirements, unit holders have been given a 30-day exit window (from August 12, 2024, to September 10, 2024), wherein they have an option to redeem their existing investments without paying any exit load.